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Syracuse to begin collecting room-occupancy tax April 1; budget includes $800,000 estimate for FY26
Summary
Finance staff told Council the city will begin collecting its newly adopted room-occupancy tax on April 1, projecting about $800,000 for FY26 and approximately $200,000 for the final quarter of FY25; staff also described accounting shifts that restrict a $375,000 university-neighborhood payment for specific uses.
The City of Syracuse will begin collecting its new room-occupancy tax on April 1, finance staff told the Common Council during the April 15 budget hearing, and the proposed FY26 budget projects $800,000 in annual revenue from the levy.
Commissioner Mike Kennezera said the FY25 projection includes $200,000 for the quarter from April 1 through June 30, and described the FY26 projection as based on an average room rate of roughly…
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